Oil & Gas Industry News

Energy Secretary Chris Wright is ordering the stepped-up scrutiny.

Oil prices rose after Iran downplayed progress in nuclear talks with the US.

'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.

'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.

Faltering consumption threatens a further blow to oil prices.

Demand concerns and rising OPEC+ output continue to pressure prices.

The price of the Brent benchmark is more than 14 percent down so far this year.

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.

Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.

His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.